Insperity Inc Stock Forecast

Insperity Inc stock downgraded to Sell Candidate
(Updated on May 07, 2024)

NSP Signals & Forecast

There are mixed signals in the stock today. The Insperity Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $105.77. On a fall, the stock will find some support from the short-term average at $103.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Insperity Inc stock

Insperity Inc finds support from accumulated volume at $102.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.54 (2.46%) between high and low. For the last week, the stock has had daily average volatility of 3.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NSP) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Insperity Inc to open at $104.73, and during the day (based on 14 day Average True Range), to move between $102.79 and $108.15, which gives a possible trading interval of +/-$2.68 (+/-2.54%) up or down from last closing price. If Insperity Inc takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $105.63 (0.15%) than the support at $102.93 (2.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Insperity Inc stock A Buy?

Insperity Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.385 Sell Candidate Downgraded

Predicted Opening Price for Insperity Inc of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.